Coterra Energy (NYSE:CTRA - Get Free Report) will release its earnings data after the market closes on Thursday, May 2nd. Analysts expect Coterra Energy to post earnings of $0.42 per share for the quarter. Parties that wish to register for the company's conference call can do so using this link.
Coterra Energy (NYSE:CTRA - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.06). Coterra Energy had a return on equity of 12.97% and a net margin of 27.48%. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.54 billion. On average, analysts expect Coterra Energy to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Coterra Energy Price Performance
Coterra Energy stock traded down $0.01 during midday trading on Thursday, reaching $28.45. The company's stock had a trading volume of 4,417,473 shares, compared to its average volume of 6,815,789. The stock has a market cap of $21.39 billion, a PE ratio of 13.29 and a beta of 0.21. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 0.12. Coterra Energy has a 52 week low of $22.91 and a 52 week high of $29.89. The business has a 50-day moving average price of $26.95 and a 200-day moving average price of $26.42.
Coterra Energy Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.95%. This is a boost from Coterra Energy's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Wednesday, March 13th. Coterra Energy's dividend payout ratio is currently 39.25%.
Insiders Place Their Bets
In other Coterra Energy news, CAO Todd M. Roemer sold 55,000 shares of the firm's stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $27.06, for a total value of $1,488,300.00. Following the completion of the sale, the chief accounting officer now directly owns 176,758 shares in the company, valued at $4,783,071.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Michael D. Deshazer sold 14,000 shares of the company's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $26.06, for a total transaction of $364,840.00. Following the transaction, the vice president now directly owns 93,988 shares of the company's stock, valued at $2,449,327.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Todd M. Roemer sold 55,000 shares of Coterra Energy stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $27.06, for a total transaction of $1,488,300.00. Following the completion of the sale, the chief accounting officer now directly owns 176,758 shares of the company's stock, valued at approximately $4,783,071.48. The disclosure for this sale can be found here. Company insiders own 1.70% of the company's stock.
Wall Street Analysts Forecast Growth
CTRA has been the subject of several research analyst reports. Morgan Stanley upped their price target on shares of Coterra Energy from $26.00 to $29.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 17th. Scotiabank increased their target price on Coterra Energy from $31.00 to $35.00 and gave the company a "sector outperform" rating in a research report on Thursday, April 11th. Susquehanna boosted their price target on Coterra Energy from $30.00 to $32.00 and gave the stock a "positive" rating in a report on Monday. Truist Financial dropped their price objective on shares of Coterra Energy from $30.00 to $27.00 and set a "hold" rating for the company in a report on Friday, April 5th. Finally, UBS Group boosted their target price on shares of Coterra Energy from $31.00 to $32.00 and gave the stock a "buy" rating in a report on Friday, March 1st. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $32.47.
Check Out Our Latest Report on CTRA
About Coterra Energy
(
Get Free Report)
Coterra Energy Inc, an independent oil and gas company, engages in the development, exploration, and production of oil, natural gas, and natural gas liquids in the United States. The company's properties include the Marcellus Shale with approximately 186,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; Permian Basin properties with approximately 296,000 net acres located in west Texas and southeast New Mexico; and Anadarko Basin properties with approximately 182,000 net acres located in Oklahoma.
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